CSR policies and practices can help mitigate and manage risks in a number of areas – for example, supply chain risks such as human rights abuses, operational risks such as compliance with regulation and product risks such as waste created during production and health and safety. Focusing on sustainable supply chains, this has strong risk
Sustainable and responsible business practices influence long-term profitability through creating enhanced innovation, increasing productivity via employees, efficiency gains and new collaboration opportunities. Another area that has been examined through the lens of effective CSR is the short-term investment in environmentally sustainable production and operations that has led to long term savings and increased profit margins.
In the current business climate CSR is an indicator of business success and provides a competitive advantage against surrounding and same sector businesses. Demands on corporate transparency are increasing as there are better informed external stakeholders in the current market than ever before including customers, media, future and current employees, industry analysts, potential and current
Commitment to employees creates engagement with increased levels of innovation, decreased levels of turnover and overall improved productivity. Having engaged, satisfied, motivated, innovative and skilled staff is one of the key challenges for every CEO in Ireland today. To recruit, train and retain the appropriate staff is proving testing in an environment where employee mobility
The business case for CSR is undeniable, the drivers for companies to act ethically and with integrity is now crucial for their reputations when dealing with informed employees, consumers, communities, investors and other stakeholders. The direct benefits of CSR are many, it is shown to: drive innovation, trust and transparency boost long-term profitability ensures competitiveness
What is CSR? Corporate social responsibility (CSR) refers to companies taking responsibility for their impact on society. What is CSR? It is a concept whereby enterprises integrate social and environmental concerns into their mainstream business operations on a voluntary basis. CSR goes beyond compliance with legislative requirements. It is a voluntary concept, which is led by business.